Dubai - UAE: 11th November, 2015 - Emirates Institute for Banking and Financial Studies (EIBFS) received His Excellency Mubarak Rashed Khamis Al Mansoori, Governor of the Central Bank of the UAE at its first Annual Networking Meeting at its Dubai campus in Academic City yesterday.

Representing EIBFS, Chairman Mr. Hussain Al Qemzi and General Manager Mr. Jamal Al Jassmi welcomed His Excellency Al Mansoori as well as CEOs from across the UAE's banking sector, all of whom are shareholders at EIBFS.

Mr. Hussain Al Qemzi delivered a speech and presentation outlining the institute's progress and vision for the future, which was followed by a tour of the state-of-the-art Dubai campus and a networking lunch.  A total of 50 people were in attendance, including the board members of EIBFS.

His Excellency Mubarak Rashed Khamis Al Mansoori, Governor of the Central Bank of the UAE, commended the Institute for its work, saying that it was an extension of the UAE banking industry. He added that it was important for the EIBFS to continue to provide quality training to local banks, and to ensure that its training programmes remain relevant to the industry's needs. 

"More training offerings and certification should be made available by the Institute, which is a key driver of Emiratization efforts in the sector," said His Excellency Al Mansoori.

"The role of the EIBFS should be to set industry standards and contribute to key topics, as well as to research new and emerging issues in the banking sector. The Institute also plays a key role in attracting and developing Emirati talent in the industry," he added.

Mr. Hussain Al Qemzi, Chairman, EIBFS said: "EIBFS was conceptualized in the 1980s, following a mandate by the UAE's Central Bank to equip Emirati nationals with the skills, knowledge an confidence they required to strengthen and grow the country's growing banking sector, and lead the country to its full economic potential.

"To date we have trained over 116,000 financial specialists and expanded the institute to become the leading corporate education provider in the country. We now offer a comprehensive range of courses, which are reviewed on a regular basis to ensure relevance to the fast-growing needs of the market.

"Initially the institute relied solely on shareholders' contributions but over the decades we have adopted a self-endowment strategy, creating a number of revenue streams which now represent 50 per cent of our operating revenue. We will strive to empower the industry by harnessing and honing the best talent, and serving as a benchmark in the area of corporate education."

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About EIBFS
The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training centre, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world. Enrolment details and other information can be accessed at www.eibfs.ae.

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© Press Release 2015